Bank of America
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ConvaTec, the UK medical supplies company, has announced plans for an IPO of at least $1.8bn (£1.4bn) on the London Stock Exchange this autumn in an intention-to-float document issued on Monday morning. -
Bank of America Merrill Lynch has hired a senior high yield bond trader to its team in London, who will join the bank's European credit flow business in November.
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Shares in Takeaway.com, the Dutch online fast food delivery company, closed 6.5% above their IPO price on Friday, after the company completed its €328m IPO on the Amsterdam Stock Exchange.
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Investors welcomed the inaugural appearance from Hong Kong’s Television Broadcasts (TVB) in the dollar bond market. Hong Kong credits remain a rarity in G3 and the deal provided some nice diversity from a well-known brand.
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There was a cheerful mood in European equity capital markets throughout September, despite clear risks of volatility on the horizon and the IPO of Telxius falling into difficulty. The health of the market was highlighted this week by the success of a €2.5bn capital raising by Steinhoff, the South African retail group.
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Bank of America Merrill Lynch and Goldman Sachs are taking a knife to their Asian investment banking operations amid slower capital markets activity and as competition from Chinese lenders intensifies. This is just the latest in a series of culls in Asia as global banks struggle to find a suitable model. Shruti Chaturvedi reports.
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CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.
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A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.
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The European Investment Bank has pushed the green bond curve out to the unprecedented length of 21 years with a new issue on Wednesday.
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Steinhoff, the South African retail group, has completed a €2.45bn capital increase supported by one of South Africa’s richest men, Christoffel Wiese, and the Public Investment corp, of which €556m was raised through an accelerated bookbuild which ended up being nearly four times oversubscribed.
